Credit union · NCUA insured
SalemVA Credit Union
Top CarrotA $95.6M credit union headquartered in Salem, VA, with 7,764 members and 3 branches in Virginia. Best rates: CDs 4.30% and savings 1.41% APY.
SalemVA Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 88% of U.S. banks and credit unions
#3 of 19 in Roanoke, VA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About SalemVA Credit Union
Salem VA Credit Union was chartered on March 5, 1936 as The Veterans Administration Hospital Federal Credit Union by twelve employees seeking financial stability.
Headquartered in Salem, Virginia, the credit union expanded its charter in 2003 and operates three branches across the Roanoke Valley.
- Headquarters
- 112 W Main St, Salem, VA 24153
- NCUA charter
- 1127
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, or worship in the cities of Salem, Roanoke, town of Vinton, or Roanoke County are eligible to join Salem VA Credit Union.
Cost to join
- Membership requires an initial $5 deposit for a share as a credit union member/owner.
Branches
3 branches in Virginia
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Virginia
3 branches
- Salem BranchMain office112 W Main St, Salem, VA 24153Directions
- 419 Branch2042 Electric Rd, Roanoke, VA 24018Directions
- VA Branch1970 Roanoke Blvd, Bldg 77, Rm 12, Salem, VA 24153Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.02% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.16% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.71% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $76 | $59 | — |
- CapitalNet worth ratio13.02%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.16%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.71%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$76Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of SalemVA Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.